One-third of the way into the new year, the chain drug store industry is hardly setting any worlds on fire. Business is good, but noteworthy only in the fact that it’s not better. America’s chain drug industry has significantly dialed down the pace of mergers and acquisitions that had characterized it over the past two
DEERFIELD, Ill. — Walgreens has begun providing the opioid overdose antidote naloxone without a prescription in all of its Pennsylvania pharmacies. The drug chain said Monday that naloxone is now easier to obtain in its more than 120 drug stores across Pennsylvania. Administered by injection or nasal spray, the medication can be used in the
Wrigley has put its best red-nosed face forward and taken up the challenge from Walgreens. The candy maker has responded to Walgreens’ challenge on social media for Red Nose Day, an event that the drug chain inaugurated in the U.S. last year and for which it kicked off this year’s campaign last week. Red Nose
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) reported double-digit revenue growth for its fiscal 2016 second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. WBA said Tuesday that second-quarter sales climbed 13.6% to $30.18 billion from $26.57 billion a year earlier. The gain stemmed largely from the full consolidation of Alliance Boots
MEMPHIS, Tenn. — Former Walgreens finance executive Rick Hans has joined Fred’s Inc. as executive vice president and chief financial officer. Fred’s said late Monday that Hans fills the vacancy left when Jerry Shore, the retailer’s previous CFO, was promoted to chief executive officer in October 2014. In his 27-year career at Walgreen Co., Hans
DEERFIELD, Ill. — A new study from Walgreens Boots Alliance Inc. indicates that pharmacy interventions can lead to greater medication adherence and lower health care costs. The study, titled “Improving Medication Adherence and Health Care Outcomes in a Commercial Population Through a Community Pharmacy,” was published in a recent issue of Population Health Management. The
DEERFIELD, Ill. — Walgreens is partnering with OptumRx to create a new pharmacy benefit to meet consumers’ changing prescription drug needs and help employers, health plans and their members achieve better health outcomes and greater cost savings. OptumRx is UnitedHealth Group’s freestanding pharmacy care services business, managing more than a billion prescriptions annually. Through a
The Annual Meeting of the National Association of Chain Drug Stores is once again upon us, though the calendar year hasn’t yet budged beyond April. The significance of this annual meeting has nothing to do with the calendar, however. Rather, it comes along just as retailers and suppliers begin to get the tone of the
HUDSON, Ohio — Former Walgreen Co. executive vice president and chief financial officer Wade Miquelon has joined Jo-Ann Fabric and Craft Stores, where he will hold the same title. The fabric and craft specialty retailer, which has 850 stores in 49 states, said Miquelon lead the finance organization, real estate, information technology and general counsel.
NEW YORK — Beth Stiller, group vice president of global brands and sourcing at Walgreens, is leaving the company to join Massage Envy as chief commercial officer. Stiller will be responsible for leading services, retail, innovation and operations teams at Massage Envy, a Scottsdale, Ariz.-based therapeutic massage and skin care service franchisor with more than
DEERFIELD, Ill. — Red Nose Day is back on again at Walgreens. The drug chain said Monday that it’s once again the exclusive retail partner of the second annual Red Nose Day in the United States, helping to raise funds to fight poverty among children. To that end, the campaign’s iconic Red Noses — which
DEERFIELD, Ill. — As part of a long-term partnership announced three years ago, Walgreens Boots Alliance (WBA) is enlarging its equity stake in AmerisourceBergen. WBA said Friday that it has exercised warrants to buy more than 22,696,912 shares of AmerisourceBergen common stock for about $1.17 billion. The transaction was funded with cash on hand, and
DEERFIELD, Ill. and EDEN PRAIRIE, Minn. — Walgreens and pharmacy benefit manager OptumRx are collaborating on an an integrated pharmacy care solution that blends attributes of in-store and mail-order prescription drug services. The companies said Thursday that OptumRx members enrolled in the program will get the option to fill 90-day prescriptions at home delivery co-payment levels at
RYE BROOK, N.Y., and DEERFIELD, Ill. — The Leukemia & Lymphoma Society (LLS) and Walgreens have partnered to advance cancer therapies and address the changing treatment model facing patients with blood and other cancers. Announced Wednesday, the collaboration between LLS and Walgreens Specialty Pharmacy aims to help patients, families and caregivers by providing educational tools
